Bank of the James Financial Group (NASDAQ:BOTJ) Director William Bryant III Purchases 707 Shares of Stock

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Director William Bryant III bought 707 shares of Bank of the James Financial Group stock in a transaction dated Friday, November 6th. The stock was purchased at an average price of $24.00 per share, with a total value of $16,968.00. Following the purchase, the director owned 79,073 shares in the company, valued at approximately $1,897,752. This represents a 0.90% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Bank of the James Financial Group Price Performance

BOTJ opened at $24.79 on Tuesday. The company’s 50-day moving average is $26.92 and its 200 day moving average is $24.15. Bank of the James Financial Group, Inc. has a fifty-two week low of $16.49 and a fifty-two week high of $30.84. The firm has a market capitalization of $112.55 million, a P/E ratio of 9.15 and a beta of 0.19.

Bank of the James Financial Group (NASDAQ:BOTJ) last issued its quarterly earnings data on Friday, October 30th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter. The business had revenue of $13.90 million during the quarter. Bank of the James Financial Group had a net margin of 18.28% and a return on equity of 14.80%.

Bank of the James Financial Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 20th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $0.60 annualized dividend and a dividend yield of 2.4%. This is an increase from Bank of the James Financial Group’s previous quarterly dividend of $0.10. Bank of the James Financial Group’s payout ratio is 15.09%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BOTJ shares. Weiss Ratings lowered Bank of the James Financial Group from a “buy (a)” rating to a “buy (b+)” rating in a report on Thursday, October 29th. Wall Street Zen lowered Bank of the James Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Institutional Trading of Bank of the James Financial Group

Large investors have recently added to or reduced their stakes in the stock. Daytona Street Capital LLC raised its position in Bank of the James Financial Group by 12.2% in the third quarter. Daytona Street Capital LLC now owns 88,722 shares of the financial services provider’s stock worth $2,451,000 after acquiring an additional 9,644 shares during the period. Susquehanna International Group LLP bought a new position in shares of Bank of the James Financial Group during the 2nd quarter valued at approximately $895,000. Dimensional Fund Advisors LP increased its stake in shares of Bank of the James Financial Group by 2.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 33,458 shares of the financial services provider’s stock worth $689,000 after purchasing an additional 731 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Bank of the James Financial Group during the 2nd quarter worth approximately $630,000. Finally, BlackRock Inc. purchased a new stake in shares of Bank of the James Financial Group during the 2nd quarter worth approximately $618,000. Hedge funds and other institutional investors own 18.50% of the company’s stock.

About Bank of the James Financial Group

Bank of the James Financial Group, Inc is a bank holding company headquartered in Lynchburg, Virginia. Through its principal subsidiary, Bank of the James, the company provides community banking services to individuals, businesses and organizations in Central Virginia and surrounding markets.

Bank of the James offers deposit accounts, commercial and residential real estate lending, consumer loans, business loans, mortgage services and other traditional banking products. The bank also provides treasury management and cash-management services designed to support commercial customers, along with online and mobile banking capabilities for personal and business clients.

Founded in 1999, Bank of the James has developed a regional branch network and emphasizes relationship-based banking and local decision-making.